Gartner, Inc. (NYSE:IT) Receives Average Recommendation of “Hold” from Analysts

Shares of Gartner, Inc. (NYSE:IT) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $173.10.

A number of research firms recently commented on IT. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research report on Tuesday, May 5th. UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley dropped their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th.

Gartner Stock Up 0.0%

Shares of NYSE IT opened at $140.56 on Monday. Gartner has a 52-week low of $124.25 and a 52-week high of $359.36. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $9.41 billion, a P/E ratio of 13.89, a P/E/G ratio of 0.78 and a beta of 0.97. The firm has a 50 day moving average price of $144.85 and a 200 day moving average price of $162.57.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts expect that Gartner will post 13.61 EPS for the current year.

Institutional Trading of Gartner

Several hedge funds have recently bought and sold shares of IT. Brighton Jones LLC bought a new position in Gartner in the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner during the second quarter worth $336,000. Cresset Asset Management LLC increased its position in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after acquiring an additional 191 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after acquiring an additional 50,251 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.